Mayville Engineering Company Executive Compensation (FY25)
MEC · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Mayville Engineering Company
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 20, 2026Latest filing (8-K): April 23, 2026
3 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
162 figures on this page: 160 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
More on Mayville Engineering Company
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jagadeesh (Jag) Reddy: $3,692,318 → $3,183,288 (13.8% lower)
Say-on-pay support: 96.4% → 97.0% (0.6 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Mayville Engineering Company's chief executive and what were they paid?
Total compensation for Jagadeesh (Jag) Reddy, President and Chief Executive Officer, came to $3,183,288 in fiscal 2025. Compared with the $3,692,318 reported for fiscal 2024, Reddy's total was 13.8% lower.
What was Mayville Engineering Company's say-on-pay result?
The say-on-pay proposal drew 97.0% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in Mayville Engineering Company's peer group?
The disclosed peer group includes Ampco-Pittsburgh Corporation, AZZ Inc, BlueBird Corporation, Commercial Vehicle Group, Inc and Daktronics, Inc, among others.
What is Mayville Engineering Company's chief executive pay ratio?
The company reported a chief executive pay ratio of 61:1 for fiscal 2025, against median employee compensation of $51,848.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jagadeesh (Jag) Reddy President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Ryan Raber Executive Vice President, Strategy, Sales & Marketing | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Todd Butz Former Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Sean Leuba Senior Vice President, General Counsel and Secretary | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Rachele Lehr Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jagadeesh (Jag) Reddy President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Todd Butz Former Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ryan Raber Executive Vice President, Strategy, Sales & Marketing | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Sean Leuba Senior Vice President, General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Rachele Lehr Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jagadeesh (Jag) Reddy President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Ryan Raber Executive Vice President, Strategy, Sales & Marketing | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Todd Butz Former Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Craig Nichols Senior Vice President, Operations and Supply Chain | ◇ | — | — | — | — | — | ◇ | — not reconciled |
Rachele Lehr Chief Financial Officer | ◇ | — | — | — | — | — | ◇ | — not reconciled |
Sean Leuba Senior Vice President, General Counsel and Secretary | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Craig D. Nichols | RSU | ◇ | — | — | ◇ | — | — | — |
| Craig D. Nichols | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Jagadeesh A. Reddy | RSU | ◇ | — | — | ◇ | — | — | — |
| Jagadeesh A. Reddy | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Rachele. M. Lehr | RSU | ◇ | — | — | ◇ | — | — | — |
| Rachele. M. Lehr | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Ryan F. Raber | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Ryan F. Raber | RSU | ◇ | — | — | ◇ | — | — | — |
| Sean P. Leuba | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Sean P. Leuba | RSU | ◇ | — | — | ◇ | — | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Craig Nichols | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Sean Leuba | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Ryan Raber | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Jagadeesh (Jag) Reddy | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Rachele Lehr | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Timothy L. Christen | ◇ | ◇ | — | — | — | — | ◇ |
Steven L. Fisher | ◇ | ◇ | — | — | — | — | ◇ |
Jennifer J. Kent | ◇ | ◇ | — | — | — | — | ◇ |
Jay O. Rothman | ◇ | ◇ | — | — | — | — | ◇ |
Robert L. McCormick | ◇ | ◇ | — | — | — | — | ◇ |
Tania L. Wingfield | ◇ | ◇ | — | — | — | — | ◇ |
Allen J. Carlson | ◇ | — | — | — | — | — | ◇ |
Christine M. Schyvinck and Jagadeesh (Jag) A. Reddy served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance member | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Ampco-Pittsburgh Corporation AP
- AZZ Inc AZZ
- BlueBird Corporation BLUE
- Commercial Vehicle Group, Inc CVGI
- Daktronics, Inc DAKT
- Douglas Dynamics, Inc PLOW
- Hurco Companies, Inc. HURC
- L.B. Foster Company FSTR
- LSI Industries Inc LYTS
- Luxfer Holdings PLC LXFR
- Miller Industries, Inc MLR
- Myers Industries, Inc MYE
- Northwest Pipe Company NWPX
- Powell Industries, Inc POWL
- The Eastern Company EBC
- The Gorman-Rupp Company GRC
- The Shyft Group, Inc SHYF
- Twin Disc, Incorporated TWIN
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 22, 2025 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Mayville Engineering Company disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Mayville Engineering Company sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
162 figures on this page: 160 cited to the filing that reported them, 2 calculated from figures it prints.
160 cited to the filing
2 calculated from the filing
Documents cited
- 0001104659-26-047745Advisory Vote to Approve the Compensation of the Company s Named Executive Officers
- 0001104659-26-025849
- 0001558370-25-005403Item 5.07. Submission of Matters to a Vote of Security Holders.
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Mayville Engineering Company executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MEC (accessed 2026).
Short form: data: Velarion
The paid brief for Mayville Engineering Company
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
3 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Mayville Engineering Company discloses
The companies named in MEC's own disclosed peer group.
Ampco-Pittsburgh CorporationAZZ IncBlueBird CorporationCommercial Vehicle Group, IncDaktronics, IncDouglas Dynamics, IncHurco Companies, Inc.L.B. Foster CompanyLSI Industries IncLuxfer Holdings PLCMyers Industries, IncNorthwest Pipe CompanyPowell Industries, IncThe Eastern CompanyThe Gorman-Rupp CompanyTwin Disc, Incorporated
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}